Thomson Reuters (NYSE:TRI – Get Free Report) (TSE:TRI) posted its earnings results on Tuesday. The business services provider reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03, Briefing.com reports. Thomson Reuters had a net margin of 33.65% and a return on equity of 15.22%. The firm had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the firm posted $0.82 EPS. The company’s revenue was up 8.2% on a year-over-year basis. Thomson Reuters updated its FY 2024 guidance to EPS.
Thomson Reuters Stock Down 3.4 %
NYSE TRI traded down $5.83 during mid-day trading on Wednesday, reaching $165.31. 275,075 shares of the company’s stock traded hands, compared to its average volume of 355,392. The company has a fifty day simple moving average of $168.79 and a 200-day simple moving average of $166.61. Thomson Reuters has a 1-year low of $127.68 and a 1-year high of $176.03. The company has a market cap of $74.37 billion, a price-to-earnings ratio of 31.85, a P/E/G ratio of 5.55 and a beta of 0.73. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.16.
Thomson Reuters Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.31%. This is a positive change from Thomson Reuters’s previous quarterly dividend of $0.15. The ex-dividend date is Thursday, November 21st. Thomson Reuters’s payout ratio is presently 41.46%.
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Thomson Reuters Company Profile
Thomson Reuters Corporation engages in the provision of business information services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in five segments: Legal Professionals, Corporates, Tax & Accounting Professionals, Reuters News, and Global Print. The Legal Professionals segment offers research and workflow products focusing on legal research and integrated legal workflow solutions that combine content, tools, and analytics to law firms and governments.
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